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If the simple interest on ​$6,000 for 6 years is ​$2,520 then what is the interest​ rate?

If the simple interest on ​$6,000 for 6 years is ​$2,520 then what is the interest​ rate?
asked 154k views
2 votes
If the simple interest on ​$6,000 for 6 years is ​$2,520 then what is the interest​ rate?

asked
User Rdo
by
8.6k points

1 Answer

4 votes

Answer:

7%

Explanation:

2520/6 = 420 per year.

420 = 7% of 6000

answered
User Demetra
by
8.1k points
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